Stifel Nicolaus Reiterates “$15.00” Price Target for FTS International (FTSI)

Stifel Nicolaus set a $15.00 price target on FTS International (NYSE:FTSI) in a report issued on Thursday morning. The firm currently has a hold rating on the stock.

FTSI has been the topic of several other reports. Morgan Stanley reduced their price target on FTS International from $23.00 to $21.00 and set a buy rating on the stock in a report on Monday, August 6th. Piper Jaffray Companies set a $19.00 price target on FTS International and gave the stock a buy rating in a report on Monday, August 6th. Credit Suisse Group reduced their price target on FTS International from $26.00 to $15.00 and set an outperform rating on the stock in a report on Thursday, August 2nd. Barclays reduced their price target on FTS International from $16.00 to $14.00 and set a buy rating on the stock in a report on Wednesday, October 31st. Finally, Citigroup reduced their price target on FTS International from $24.00 to $19.00 and set a buy rating on the stock in a report on Monday, July 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. FTS International has a consensus rating of Buy and an average price target of $20.30.

NYSE:FTSI opened at $13.40 on Thursday. The stock has a market cap of $1.39 billion and a PE ratio of 1.66. The company has a current ratio of 2.72, a quick ratio of 2.33 and a debt-to-equity ratio of 7.50. FTS International has a 1-year low of $9.38 and a 1-year high of $22.60.

FTS International (NYSE:FTSI) last released its quarterly earnings results on Monday, October 29th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.16). The firm had revenue of $334.40 million for the quarter, compared to the consensus estimate of $388.24 million. FTS International had a negative return on equity of 139.46% and a net margin of 14.98%. The business’s quarterly revenue was down 25.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that FTS International will post 2.76 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of FTSI. Wells Fargo & Company MN acquired a new position in shares of FTS International in the first quarter worth approximately $3,846,000. Schwab Charles Investment Management Inc. acquired a new position in shares of FTS International in the first quarter worth approximately $1,846,000. Northern Trust Corp acquired a new position in shares of FTS International in the first quarter worth approximately $4,176,000. BlackRock Inc. acquired a new position in shares of FTS International in the first quarter worth approximately $51,670,000. Finally, New York State Common Retirement Fund acquired a new position in shares of FTS International in the first quarter worth approximately $226,000. 67.44% of the stock is currently owned by institutional investors.

About FTS International

FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.

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